OPG Power Ventures plc Scrip Dividend payment (7630Y)
06 January 2020 - 6:00PM
UK Regulatory
TIDMOPG
RNS Number : 7630Y
OPG Power Ventures plc
06 January 2020
6 January 2020
OPG Power Ventures plc
("OPG" or the "Company")
Scrip Dividend Payment
OPG (AIM: OPG), the developer and operator of power generation
plants in India, announced on 1 August 2019 the payment of a scrip
dividend of 0.6p per share in respect of FY19 (the "Scrip
Dividend).
The Company is pleased to confirm that shareholders will receive
one new ordinary share (the "Scrip Shares") for every 30.25
existing ordinary shares, based upon the Scrip Dividend price of
18.15 pence per share. Fractional entitlements will not be paid and
the Scrip Dividend to each shareholder will be rounded down to the
nearest whole share.
A total of 12,823,311 Scrip Shares will be issued today to
shareholders on the register as at 13 December 2019. Application
has been made for the Scrip Shares to be admitted to trading on AIM
which is expected to occur on 9 January 2020. The Scrip Shares will
rank pari passu in all respects with the Company's existing
ordinary shares of 0.0147p each (the "Ordinary Shares").
Following the issue of the Scrip Shares the Company has
400,733,511 Ordinary Shares in issue. No Ordinary Shares are held
in treasury. The figure of 400,733,511 may be used by the Company's
shareholders as the denominator in the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
For further information, please visit www.opgpower.com or
contact:
+91 (0) 44 429
OPG Power Ventures PLC 11211
Arvind Gupta / Dmitri Tsvetkov
Cenkos Securities (Nominated Adviser +44 (0) 20 7397
& Broker) 8900
Russell Cook/ Stephen Keys
+44 (0) 20 7920
Tavistock (Financial PR) 3150
Simon Hudson / Barney Hayward / Nick
Elwes
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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